ZO Future Group Reports Increased Annual Loss

Birmingham Sports Holdings Limited (HK:2309) has released an update.

ZO Future Group has reported a significant increase in its loss for the year ended 30 June 2024, with the loss before taxation rising to HK$319,857,000 from last year’s HK$84,846,000. The company’s revenue did see an increase to HK$275,244,000, but this was overshadowed by a surge in operating expenses and losses from operations. The overall total comprehensive expense for the year also grew, adversely impacting both the owners of the company and non-controlling interests.

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